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consumers. if it has an affect on the united states commerce, commerce of the united states, and if this affect is adverse, then following the statute that congress wrote for us, we're supposed to challenge the deal. >> tom: we have european regulators stop u.s. companies from merging a decade ago, ge and honeywell were stopped because of the eu, this year the nyse had to break apart their planned merger. is there a competition among international regulators. >> i think among international regulators or anti-trust enforcement agencies there is much more comedy than competition. so much commerce is global now and the laws within the european union and the united states have converged considerably over its last few decades. that for the most part, we usually come to the same conclusions on the same mergers. now there might be some differences when the market shares are different. and the economic effects are different in different geographic markets like the eu and the united states. >> one investigation that has been admitted to gooseel continues to be under review by your ag
it directly on advertising, which, say the chamber of commerce often does, you will at least know where it's coming from because it'll say the "chamber of commerce," or it'll say a, "improve america," a project of the chamber of commerce. >>> the u.s. chamber is responsible for the content of this advertising. >>> the u.s. chamber is responsible for the content of this advertising. >>> the u.s. chamber of commerce is responsible for the content of this advertising. >>> so you know when they spend it directly, at least what part of the economy it's coming from. however, they may well give that money to another organization which isn't even got their name on it. so if they end up giving it to a (c) (4) which then spends the money and that group is called better america, you don't know where better america's money came from. so it is, these groups do not themselves disclose their donors. and again, you know, most of their work is lobbying, it's oriented towards issues. you may well be right, that they have really strong policy positions. but what they would say is, "the money we spend directl
, but now it's taken a step toward capturing some e- commerce. it launched a new service for users to buy and send real gifts called facebook gifts. the presents are from certain vendors, purchased through facebook. shares rallied 6.6%. volume was heavier than usual. while display advertising remains facebook's main source of revenue and the company has been focused on its mobile strategy, analysts say this new e-commerce feature could help diversify facebook's revenue sources. drugstore giant walgreen saw its latest quarterly profits fall from a year ago, hurt by it losing the prescription business of express scripts. same store prescription sales got hit, falling almost 13%. it has since resigned express scripts as a pharmacy benefits customer. shares only moved a fraction, but volume was heavy and the stock hit a new 52 week high during the trading session. four of the five most active traded exchange traded products were lower. the s&p 500 volatility note, which usually moves in the opposite director of the index was up 3.1%. and that's tonight's market focus. >> tom: the good times f
. the commerce department says sales of new homes slipped slightly in august compared to july. but, year over year new home sales were up nearly 28%. the northeast saw the most robust action, but sales dropped in the south. in the midwest builders say consumers are scrambling to build before mortgage rates and land prices increase. diane eastabrook has more. >> reporter: oakley home builders didn't have a buyer when construction started last spring on this three story spec house in tony hinsdale, illinois. >> this is the great room, this is the family room. >> reporter: but builder steve subkowiak says a buyer snatched up the $1.5 million home long before workers painted the walls and began installing fixtures. the new owners move in next month. >> i think a lot of people are looking at interest rates and land costs and saying hey if i want to buy a new house this is a great time. >> reporter: with historically low mortgage rates, business is beginning to boom for many home builders. the government says in august americans purchased new homes at a seasonally adjusted rate of 373,000. that was
of the financial sector. there's other sobering data as well, showing a still sluggish recovery. the commerce department revised its estimate of second-quarter economic growth down yesterday from 1.7%. mitt romney seized on the change in springfield, virginia. >> we are at 1.3%. this is... this is unacceptable. >> woodruff: other economic indicators also paint a mixed picture. the stock market itself, while down today, has been climbing in recent weeks to its highest levels in nearly five years. today, the dow jones industrial average lost almost 49 points after a weak manufacturing report and worries over europe to close just over 13,437. and the housing market may be stabilizing. a key index showed home prices rose in july to the highest level in almost two years, pointing to a recovery there. consumer spending was also up last month, but it was largely to pay for higher gasoline prices. for a closer look at all this with two people who follow these matters closely, we turn to kenneth rogoff, a professor of economics and public policy at harvard university, and co- author of "this time, it'
to create the best. >> he became the commerce minister and one of the two dozen people who run china. but the communist party says all along he was corrupt. the news announced he will go on trial. it said he had abused his power, taking bribes and done serious damage to the image of china. the trigger for the downfall, the death in china last year of the british businessman neil ha yward. his wife was found guilty of murder and he is accused of trying to cover-up for crime. but not everybody believes the case is simple. one of the top forensic scientist told the bbc in her opinion there is no evidence he was poisoned with cyanide. >> there were no signs of cyanide. it would harm caused immediate debt. his skin should have patches. his blood should have been a bright red. >> whatever the truth, the party will install new leaders in november who will rule for the next decade. bo xilai will not be one of them. the communist party has been tainted by this scandal. it now wants to wrap it up. the prosecuting of bo xilai will raise more questions. how did he get away with so much for so lo
of that disaffection into votes. next week he'll address the u.s. hispanic chamber of commerce at its annual convention in los angeles. diane eastabrook, "n.b.r.," chicago. >> susie: new estimates are in, >> susie: new estimates are in, and it looks like this year's holiday selling season will be the strongest for retailers since the great recession took hold. shoppertrek sees overall sales rising 3.3%, it bases those numbers on visits to more than 50,000 stores. >> tom: the major stock indices inches higher as investors and traders wait for the federal reserve's announcement tomorrow if it will do anything more to help the economy. the session for the s&p 500 illustrates the back and forth, with prices dipping mid-morning, and late afternoon, before closing with a small gain. it continues hovering around its post-recession high. volume grew slightly. 661 million shares on the big board. 1.7 billion on the nasdaq. not a lot of volatility among the major stock sectors. with the iphone five debt, the telecom services sector was the biggest gainer, up 0.7%. consumer staples was in the biggest loser, down
works in real estate, chris who works in advertising and christian who works in e- commerce, following fashion is nothing new. >> i used to read g.q. growing up and that's something that i always wanted to aspire to. >> i follow lots of sites, lots of blogs. >> reporter: the internet has made men's fashion more accessible. fashables.com caters to men and women, it's a blog created by "normalish" people. >> what i try to do is highlight stuff for the average person. what are you going to wear to work. what are you actually going to wear on the weekend. >> reporter: so, where are "normalish" men shopping these days? >> i do like department stores. i like the different selection they have. i like to try new brands. i feel like i can discover new brands better than if i just go to select stores. >> for basic things, it's j.crew and brooks brothers. >> i think i go with mass market. h&m, uniqlo, zara. i'm a big fan of zara. >> reporter: across the board, the numbers show men are shopping. according to n.p.d. group's consumer tracking service, in 2011, sales of menswear climbed 4% to $55 bil
believe the unemployment will not rise further. also today, the commerce department reported retail sales jumped 0.9% in august. that's the largest increase since february. the gains come as consumers are spending more on cars and gasoline. the report showed that sales at different retailers were mixed and suggested only a modest increase in consumer spending this quarter. today's news comes just a day after the federal reserve stepped in once again to revive the economy, and ben bernanke's promise to help main street. how will main street americans do under q.e.3? joining us to answer that, robert brusca, chief economist at his own firm, fact and opinion economics. hi, bob. >> hi, susie. >> susan: all right, so, chairman bernanke says this latest round of stimulus is a-- to quote his words-- a main street policy. is it really? >> well, i think it has the focus on main street. i think the objective is to help main street. but it doesn't really work to help main street first. it's really going to work by trickle down. it's anything to work through wall street. it's going to work through h
filed last week hit the lowest level in two months. but the commerce department revised its estimate of second quarter economic growth from 1.7% down to 1.3%. the economic numbers were fodder for republican presidential nominee mitt romney. at a campaign stop in springfield, virginia he said the slow growth was proof that president obama's economic policies have not worked. >> if you don't believe me why look at the price of gas and the jobs in your community and the members of your family that are struggling for good work. if you don't believe me look at the numbers that just came out in the growth of our economy. 1.3% versus russia at 4%, china at 7-8%, we are at 1.3% this is unacceptable. it is not working. i know what it takes to get things working. >> sreenivasan: 200 miles away in virginia beach, president obama acknowledged the economy is still struggling. but he also promised the crowd he'll push for an era of what he called economic patriotism. >> during campaign season you always hear a lot about patriotism. well you know what? it's time for a new economic patriotism. an ec
Search Results 0 to 9 of about 10